Category Archives: UNITED STATES

A new global survey finds the ability to understand and use banking products is growing in importance worldwide, and consumers continue to expect more in terms of loyalty rewards than banks are providing. The FIS 2016 Performance Against Customer Expectations (PACE) Index also reveals expectations for aspirational support – consumers’ primary financial institution helping guide…

In Other News: FINCA (First Access); TRUSONA (insurance); 3SCALE (Adyen); and PRECISE (OT). FINCA – FINCA and First Access, whose technology predicts the credit risk of borrowers in informal markets, announced a new collaboration that will create the largest and most sophisticated alternative credit-scoring approach by a microfinance institution (MFI) in the world. The partnership…

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Capital One’s (COF) international (U.K.) credit card average yield and interest margin soared quarter-to-quarter (QTQ), and year-on-year (YOY) in the first quarter (1Q/16). However, other COF international credit card portfolio metrics soften and headed south for the quarter, particularly delinquency and charge-offs. COF gross revenues for the international card business edged…

M-POS provider CardFlight reports more than half of merchants using its suite of mobile solutions are actively accepting EMV “chip card” transactions. Additionally, CardFlight has been certified by Global Payments to accept EMV chip card payments. This will enable merchants who process payments through Global Payments to accept EMV payments when using CardFlight’s software and…

Visa verified it has inked Alaska Airlines, Chick-fil-A, Cole Haan, Emirates and Wyndam Hotel Group have to offer Visa Checkout for fast and easy online and mobile payments. A common challenge among online retailers, consumers often put items in their carts, but ultimately abandon purchases because paying online, particularly on mobile devices, is too complex.…

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Samsung Pay is giving U.S. users another way to slim down their physical wallets with the support of membership features. Samsung Pay users now have easy, direct access to merchant membership and loyalty cards to receive savings, rewards and other offers—all on their supported Samsung Galaxy smartphone. The average American household…

CardinalCommerce, global leader and pioneer in the remote payments industry, announces that they have significantly increased their investment and capabilities in Data Science and Analytics. Cardinal’s platforms monitor more than 750,000 BIN and MID combinations an hour, and now can collect almost 400 data points for each transaction. This knowledge combined with its market footprint,…